Editing Economy of Georgia (country) (section)

===Tax collection===
{{main|Taxation in Georgia (country)}}
Since January, 2011 the new Tax Code came into force. It unifies the old Tax and Customs Codes. The new Tax Code increased confidence towards the Georgian tax system and enhanced trust in the Georgian tax authorities, by improving communication between taxpayers and the tax authorities, by protecting the taxpayers’ rights, by making administration more efficient, and by harmonizing the Georgian laws with the best international tax practices and EU directives.

Only 6 taxes exist in Georgia with law tax rates: Income Tax (personal income tax) 20%; Profit Tax (corporate tax) – 15%; Value Added Tax – 18%; Excise – varies; Property Tax up to 1% of the self-assessed value of property; Customs Tax – 0%; 5%; 12%. In addition, significant procedural and institutional reforms were performed, simplified tax dispute settlement, streamlined tax administration decreased the time and cost of paying taxes. Georgia made paying taxes easier for firms by simplifying the reporting for value added tax and introducing electronic filling and payment of taxes.<ref name="Georgia_Pocket_Tax_Book">[http://mof.ge/common/get_doc.aspx?doc_id=8272 Georgia_Pocket_Tax_Book] {{Webarchive|url=https://web.archive.org/web/20110520055602/http://www.mof.ge/common/get_doc.aspx?doc_id=8272 |date=2011-05-20 }}, [[Ministry of Finance (Georgia)|Ministry of Finance]]</ref>

The number of import tariffs was abolished on approximately 90% of products and only 3 tariff rates (0%, 5%, 12%) exist instead of the previous 16. Georgia sets Import Taxes on only several kinds of agricultural and manufactured goods . In addition, there are no quantitative restrictions (quotas) on imports and exports.<ref name="Georgia_Pocket_Tax_Book"/>